Victoria II - Economy Guide

Everything you need to know to manage your economy in Victoria II in just 12 minutes!
Footage/Music/etc. from:
Victoria II
Victoria II Wiki
Victoria II OST
Charlie Chaplin - Modern Times • Charlie Chaplin - Fact...
Stellaris OST - "March of the Profits"
Naughty by Nature - Here Comes the Money
Pet Shop Boys - Opportunities
Eve Online

[@CallMeEzekiel]

You can also join the conversation on Reddit: www.reddit.com/r/victoria2/comments/edcgh1/here_comes_the_money_i_see_lots_of_people_asking/ www.reddit.com/r/paradoxplaza/comments/edcgmn/here_comes_the_money_i_see_lots_of_people_asking/ www.reddit.com/r/ParadoxExtra/comments/edcgob/here_comes_the_money_i_see_lots_of_people_asking/

[@abdokorib8898]

Question. Is it good to subdise factories and increase tarrifs to 100? In the HFM mod. Thanks.

[@CallMeEzekiel]

Tariffs are a great source of income, but will also make it harder for your your PoPs to get their needs. I usually set them at 100% and lower them when the PoPs start getting uppity. In regards to subsidies: I like to subsidize all of my factories, but that can get expensive. Overall, use common sense. Don't buy what you can't afford, and don't tax people who are at risk of rebelling. I hope this helps!

[@abdokorib8898]

@@CallMeEzekiel As always very helpfull. Thanks!

[@Newbmann]

In a multi-player game having less factories is a good thing because then people can actually get iron and coal SINCE NO ONE RESEARCHES METALURCHY in multilayer I wish I was joking.

[@kingofflamingos4344]

@@CallMeEzekiel does culture affects the factories production.

[@unocualqu1era]

Victoria III really needs to be made

[@timteichmann6830]

I don't think it will be nearly as good as Vic 2 because Paradox don't want to scare of new buyers...

[@pensador7431]

Paradox will launch crusader kings 3 in 2020,i supose that in 2022 or 2023 Victoria 3 will be launched

[@abc-salat2629]

Victoria III with economic mana points!

[@millwallfootballclub2670]

Yeah the time where Vic3 will break the record of dlcs for one game.

[@abc-salat2629]

@@millwallfootballclub2670 We'll get Victoria 3, but at what cost? We'll get a rushed and purposefully unfinished raw game that plays like a beta version of HoI4 just with more mana points to handle. The economic and pop system is either dumbed down or completely removed, factories become numbers rather than actual places of production for the ingame market which in Vic3 more resembles the HoI4 system. Of course, Paradox will excuse itself after a shitstorm, but in the end, they'll release a DLC for every major power and/or mechanic which was included in the basegame or the two important DLCs for Vic2. Be prepared for the "The Stars and Stripes" DLC concerning the US and its decision tree, "Al-Jazair" for the colonization of North Africa, "Sick Man", "Crimean Crisis", "Wilhelminus", "Iron and Blood" etc., most of which could have been modded into the game in some hours for free, others include vital mechanics. God, I wish we could get the old Paradox Studios back. Before... EUIV and HoI4.

[@The80sWolf_]

I will never understand how to play this game. I listen to demands and reform = Rebels I build factories = Rebels I supress = Rebels I give people food = Rebels I lessen the taxes = Rebels I give jobs = Rebels I colonize = Rebels I do nothing = Rebels I do things = Rebels

[@CallMeEzekiel]

Rebels are just part of the game. Victoria II isn't about preventing them, it's about either minimizing them, or exploiting them to achieve your goals, like putting certain parties in charge or resisting invaders. I hope this helps!

[@The80sWolf_]

@@CallMeEzekiel Yea I know, but I just can't understand this game. Have watched multiple how to play videos.

[@timteichmann6830]

Me playing with the great HFM mod don't have this rebel problem at all I've played Prussia/Germany, Italy, France, the USA, Japan and Spain and had never any problems just all 5-10 years 5k-20k rebels except Spain with there fuckin' Carlist rebels. I am just to nice (always Reform if possible) or has it something to do with HFM ?

[@millwallfootballclub2670]

@@CallMeEzekiel so if I want a communist Russia I just let communist rebels take Moskva right?

[@CallMeEzekiel]

@Party Like in 1945 Yes, but bear in mind that communism doesn't spawn until later in the game, and that revolutions tend to cause counter-revolutions. Expect a bumpy transition of power.

[@FeedbackGaming]

Honestly these videos are awesome! Vic2 guides have always been overally long or out of date or too simple. But this is perfect! Bravo dude!

[@FeedbackGaming]

More more more!

[@CallMeEzekiel]

Thanks, that's very kind of you to say - and it really means a lot coming from you!

[@MechWarrior894]

@@CallMeEzekiel you helped me fine-tool my industry and my Prussia game has never been stronger!

[@TheMagalhaesMaciwoda]

That was a nice... Gaming Feedback :P

[@afatpenguin6999]

Senpai noticed you

[@jasontaylor3378]

2:24 President Lincoln just before signing the emancipation proclamation

[@captinobvious4705]

1863 colourised

[@learningaccount249]

The emancipation proclamation was actually an IRS form.

[@jasontaylor3378]

@@learningaccount249 really?

[@learningaccount249]

Jason Taylor Just a Joke although Lincoln was the president that create the IRS...

[@jasontaylor3378]

@@learningaccount249 that's not a coincidence.

[@2BachShakur]

Fun fact: you need a PhD in Economics to play this game.

[@christianesteves5768]

Excalty

[@miguelzeballos4269]

Lmao exactly how i felt when i saw those menus

[@98raoul]

I am a graduate student in economics and I can't industrialise for my life in this game, so I'm inclined to agree

[@thepielovinpyro6106]

Fucking christ it feels like it

[@HB013b]

Don't worry, there are 13 hours long tutorials that teach you the basics of Victoria II economy

[@Pan_Z]

2:23 "Slavery is bad because it's immoral." I sleep "Slavery is bad because slaves don't pay taxes." *Awakened*

[@ana-ux7iu]

Im getting USA vibes

[@Seraphil1]

Average brain: Abolish slavery cuz it's morally evil Big brain: Abolish slavery cuz you need bodies for your military without demoting your useful pops Galaxy brain: Abolish slavery cuz they're tax-exempt and we can't have that!

[@Mercury29477]

I do it to get rid of the event when you make a new state

[@marcustulliuscicero5443]

"Factory Input is the least useful" *cries in lategame elctronics industry that demands 200% of the global rubber production*

[@Zorro9129]

Rubber is more valuable than gold in Vicky 2.

[@autarajongok]

HPM 😉

[@MrMineHeads.]

@@Zorro9129 that's why the Belgian king was ruthless with the Congolese.

[@MrMineHeads.]

@@Zorro9129 en.wikipedia.org/wiki/Atrocities_in_the_Congo_Free_State First line literally says: "In the period from 1885 to 1908, *many well-documented* atrocities were perpetrated in the Congo Free State (today the Democratic Republic of the Congo) which, at the time, was a colony under the personal rule of King Leopold II of the Belgians."

[@joearnold6881]

Hassan Tahan don’t bother. Whenever you see the “X atrocity didn’t happen” or “X did nothing wrong” talking point, odds are fair that you’re either talking to a fascist, or to a useful idiot of fascists. Taking a look at the channels that one watches, the suspicion is basically confirmed.

[@cosmicpearl5497]

"Economy Guide" Im pretty sure even the devs dont know for sure how it works XD

[@The80sWolf_]

I am starting to belive the same. This game is weird.

[@FeHearts]

If I remember correctly the guy who designed the economy in Vic2 left Paradox, so they actually don't understand it anymore.

[@brenokrug7775]

@@FeHearts i heard they lost the code for it or something like that

[@FarmingtonS9]

Chris King, the economic lord himself.

[@CallMeEzekiel]

Just to clarify the "Devs don't know how the economy works" thing. That's technically true for all software. It's a bit like designing a new car. The guy who works on the dashboard probably doesn't know anything about how the engine works. However, if the engine guy leaves, that doesn't mean that the company is helpless; they can always just assign an engineer to teach himself how the engine works and finish the job. Besides, software development these days puts a lot of emphasis on documentation since it's not uncommon for engineers to switch companies. Learning unfamiliar code is a regular part of the job. I hope this clears things up!

[@Acksn]

I was expecting some reddit-tier meme filled video, this was actually very informative and well put together. I'm a veteran Victoria II player, and even for me this was a good refresher. Keep it up.

[@AlamoOriginal]

Just the hell does judging by the cover limit your interest at learning things? the whole channel is great

[@PASBGR]

Forget the refresh. I didnt know the game even had the ctrl/shift mass build options! Fuck me!

[@yuukiyoshizawa7007]

@@PASBGR Same. l have a little more than 150 hours and less than 200 (for now), and l'm absolutly loving this game, as l watch theese videos, problaby turns out l'm to about to be an "Veteran" player with less than 500 hours. (Different from Hearts Of Iron IV, have almost 900 hours in this game and l'll still dont't know how to play this correctly)

[@Zorro9129]

I love the economic system in Victoria 2 as it's better than that of 99% of strategy games, though it could be improved massively in different areas. Watching the revenue come in will make you rub your hands with glee.

[@grindelz]

Not only your hands

[@black_wink1649]

Grindelz the feels when you nut but your eco flat red

[@everythingiseconomics9742]

You don't need an undergrad in economics if you can do vicy 2

[@williamwood3827]

As someone who half-assed an undergrad economics degree, I do wish this game had real markets. The way the prices change is really janky. I'm pretty sure they have hard-coded ceilings and floors. Not super sure, though.

[@JohnnyCash101]

@@williamwood3827 not to mention the lack of dynamics of multiple currencies as everyone depends on the Great British pound. How cool would it be if hyperinflation wasnt just a militancy booster but actually would be something you would have to monitor?

[@JohnnyCash101]

@K Korona HAHA investopedia is a actual lifeline sometimes but the comment was only meant to spur the imagination of how much more in depth an economy simulator could actually go.

[@hoseadavit3422]

@@williamwood3827 Then play capitalist 2 for ultramasochism

[@dr.wahnsinn9913]

@@JohnnyCash101 You forget that the currencies in this time was goldcoins, with the same goldweight in every coin, in more or less every nation. At lest in Europe. This System is in Germany known as "Lateinische Münzunion" wat would translate to something like "latin Coinunion". But the gold in the coins make the currencies interchangable without dynamics.

[@Nexsyana]

As Russia, I focused on Education and Clergy for half of the game The moment I hit a sweetspot, my people started promoting. The next following years were filled with economic downfall because everything was shifting. But oh god, the moment everything fit in its place, I skyrocketed and beat UK industry wise. By a factor of 5 Don't despair when you see very little change, economy is a train, it needs a bit of time to get going, just make sure to set the right tracks and it will do what you need. Also don't aim for autarky, less you have 90% of the world conquered

[@soyderiverdeliverybeaver8941]

if you conquer china autarky is easy

[@Nexsyana]

@@soyderiverdeliverybeaver8941 China is ugly though, we all know Victoria II is a pretty borders simulator

[@soyderiverdeliverybeaver8941]

@@Nexsyana if you take manchuria and the southern regions it looks good. And yes i feel you, i do the same.

[@aisir3725]

Meanwhile in reality poor were legally forbidden from education and we all know where that lead Russian emperors

[@snelhestarna]

I did that and then i forgot all about mil tech..... WW1 was a slaughter. (im probably the worst at warfare in that game, anything other than beating up uppity natives and stealing their stuff is just impossible for me.)

[@thelordofforeheads2839]

My favourite part of the video is how Ezekiel is against slavery, not because it’s wrong, but because they rebel and don’t gives taxes

[@jsus159]

That’s pretty much how it works on real life.

[@roadent217]

But I'm pretty sure he's wrong. RGO goods get produced, sold on the world market for money, and then that money gets redistributed by fixed percentages to Aristocrats, Farmers, Laborers( and serfs in HPM). If slaves get no money, then 100% of the money of the sold goods that Slaves make go to the Aristocrats. And that money is taxable as long as you have rich taxes.

[@gamerito100]

@@roadent217 Yeah, but rich taxes are bad for the industry, so way better to tax the liberated slaves xD

[@x999uuu1]

@@roadent217 Slaves are also stuck as slaves. They cant be turned into something more situationally useful like a soldier, clergyman, craftsman etc as a farmer/craftsman can. This can start to be a huge impediment as someone with large slave pops per state as the US/Brazil. Also you usually dont tax the rich that hard in this game lol

[@oLii96x]

The biggest problem about Vicky 2´s economic system is the heavy reliance on coal and iron. The demand for both resources is way higher than its supply, which slows down your entire economy the longer your game goes on. I once conquered a chinese state that had a province producing iron, with a pop of over a million. As soon as i took that province, my economy became the biggest in the world.

[@appropriate-channelname3049]

Its kinda reflective of the time though. Steel was insanely important during the Victorian era. It took a huge investment to actually produce it efficiently and even then your still bottle necked by the amount of miners you can employ.

[@theorypractice5162]

Someone out there actually understands the economy in Vic2? Impossible. Simply impossible.

[@deeznoots6241]

1. Invest in Liquor 2. Invest in Liquor 3. Invest in Liquor

[@faustogiorno2300]

GRRRRRR BITCHASS

[@wildfire9280]

RUSSIA INTENSIFIES

[@moonwolf8470]

Russian economics for past 500 years in nutshell

[@deisk2707]

hmmmmm. Vodkas

[@14thbattlegroupcommander]

instructions unclear i now produce 95.73% of the worlds steamer convoys and exactly eight cars

[@Pan_Z]

Important note: Lassaiz-faire can be decent once a nation's industry is already developed. If all the Capitalists need to do is upgrade existing factories and build railroads, the various bonuses Laissez-faire provides can make it worth it. Just don't go Laissez-faire *before* you industrialise. The Capitalist AI is nearly incoherent with what it builds.

[@marboXD]

The Last Tipp with Ctrl shift , just made this video 100000000% essential for playing vic 2 , thank you

[@oktavianusrajendra4097]

I love how his argument against slavery isn't how it's extremely inhumane to be able to own another person but rather it is about how they're a walking tax exemption.

[@manofeutonasiapolephemus8030]

Well that's linked.

[@NaderinZim]

If you think that governments did that because it was inhumane to have slaves, then boy are you gullible.

[@DavidJimenez-ux2lw]

In fact the economical argument against slavery was equally as important as the moral one in the fight against slavery

[@recoveryday101]

Bruh

[@jam8539]

just built steel mills, lower the price of steel, bankrupt all other stell mills while you subsidise your own and then inflate the price of steel

[@Zorro9129]

Someone's been watching Bokoen.

[@sciuresci1403]

Countries that use large amounts of steel already produce their own. And foreign products are only bought when domestic products aren't enough. So you will hurt your economy in the long run. You might be able to do that with exotic goods though. As most industrial nations have access to coal and iron.

[@jam8539]

@@sciuresci1403 you dont know how the economy works do you. so in brief, countries only build what they have not what they need, as such laissez faire countries will bankrupt their factories if steel is too cheap to be profitable. this will also happen with interventionist and state capitilism but more rearely.

[@jam8539]

@@Zorro9129 their problem was with iron not steel

[@sciuresci1403]

@@jam8539 you don't know how economy works IN the game. Like I said those factories won't go bankrupt unless they don't need steel. If a nation is buying steel they will buy it from their own market first regardless of the price. You could give steel for free and they'll still prioritize buying domestic steel. Only thing you could hurt is their capacity to export. That's going to drop their rate of employment but it can't bankrupt the factory as long as the nation itself demands steel.

[@musclesglasses5790]

I'm geniunely surprised people are still interested in this game, due to the availability of more recent and flashier titles. Always loved it, never truly comprehended the mechanics, so maybe it's you that I've been waiting for to return to the old Koenigsberg and form Germany once again.

[@quisqueyanguy120]

The thing is, there is literally no other game with an economic system like Victoria 2. And A LOT of people likes to play the economic battle.

[@senneuh1]

@@quisqueyanguy120 Word.

[@sebastianprimomija8375]

QuisqueyanGuy god I love destroying nations through the economy

[@RaidsEpicly]

If there were any more modern strategy games set in the victorian era I'd happily check them out, but it's a weirdly underserved niche in video game settings. The only thing that's really hit the spot is the Civ 5 scramble for africa scenario, which is obviously really simple but still quite a lot of fun

[@AlamoOriginal]

​@@quisqueyanguy120 Indeed, but maybe not just economy but the way constant geopolitical battle, from prestige, industry and of course military, i rarely played like what the tutorial said about managing economy all i know is build a large industry and military be respectable and being in great powers, really if you grasp that simple concept, you can play Victoria 2 for days straight

[@nationeer]

"Up next we're gonna learn another economics game" *Shows EVE Online* Me: "You'll be able to lecture economics students with that..."

[@rzezucha7327]

You can make a religion out of this

[@tuckersmoak6632]

>watching a vic 2 economy guide in 2020 SURE WHY THE HELL NOT

[@madness4321]

I'm only now realizing how Bare Bones the third was

[@yoanawramow8809]

As bad as Lassiez Faire might be for some players it's actually great, here's why: 1. Only the fittest survive - bad factories lose the economic game and the good ones become bigger and better. I see a lot of people complaining that when that liberal party wins suddenly all their industries fail, they do so because you subsidese them to keep them alive, losing a lot of money and getting no goods produced. 2. You don't have to micro manage it, at some point you're going to have a lot of capitalists, who will do all the investmenst for you, especially good for upgrading stuff. It's actually designed to boost you, under Lassiez Faire factory/upgrade costs are much lower, meaning they are cheaper to build and upgrade Note, don't ever do lassiez faire from day one, it will not end well, you need to set the base for the capitalists to eventually build the rest for you. Don't go to warz when the ruling party has Lassiez-Faire. Because capitalists don't always make the right decision, if a factory pops up and isn't profitable it will just close, unfortunately you can't remove them with LF

[@mete7570]

in mp people dont care about your ruling party and you wont have a timeout, they will attack and kick your ass if you have laissez faire.

[@Bigzthegreat]

so if you're USA then sure

[@thebeesknees1162]

Some factories may be less profitable but produce valuable outputs. Outputs are useful for reasons other than the cashflow. On top of that, market fluctuations might make certain factories be more or less valuable in the short term, yet may be more consistently valuable in the long term. This may lead to them getting closed anyways due to a short term dip.

[@bayonets_already_fixed2856]

CallMeEzekiel: explains the elaborate way to create a stable and profitable economy. Me: uses state capitalisim and build random factories based of whether or not I remember building them previously. Then ocasions like this. 1. builds random factories as Prussia 2. Inatvertatly makes to much factories of the same type. 3. AI France based and balanced whole economy on said element (I can't remember if it was machine parts or something else) 4. Floods the market. 5. Basiclly bankrupts France for a minor cost. 6. Notices said french bankruptcy 7. Declares war on france and wins. 8. Gets most french colonies without any hard work. 9. Calls self strategical and econimic genius

[@Leo-ok3uj]

Galaxy brain moment

[@P0stboy1234]

"But you didn't have to cut me off, make it like it never hapenned and that we were nothing..."

[@Happyman28778]

That is big brain! You did something most players of strategy games wouldn’t think to fo

[@openlyracist8055]

when the only reason to destroy slavery is to tax the former slaves....hmmmmmmm

[@Audiman0aha]

Looking at you Abe Lincoln 👀

[@zord1352]

One time i played a china game, westernized at the age of mid 40s, and had just state capitalism until 1890 or something like this. Ohhh, i didn't know about the crtl/shift mechanisms.... It was terrible :D

[@dearg_doom]

How did you westernise China so early?

[@zord1352]

@@dearg_doom Conquests. Its the fastest way to get research points. Also taken military tech for bonus. Finally, the wars were just won by my vasal swarm :D you can annex Burma, Dai Nam, Siam and also Korea with 1-1 CB but honestly, i might reload the game some times :D

[@christopherscott1336]

You have no idea how helpful this is for me, I was totally scratching my head as to how the economy works. Thank you so much.

[@josiahmartin329]

Input/output efficiency are better in many scenarios than throughout. If your factory is not profitable due to requiring more costs in input than it produces value in output, increasing the throughput will make it even less profitable, whereas increasing output or input efficiency can bring it back into the green. However, the best way to increase efficiency is with clerks. Having 20 percent clerks in a factory will give you 50 percent more output efficiency, making your factory redicolously profitable.

[@Roflmaolinde]

I’m amazed that you have attempted to describe Vic2s economy without being rolled away in a straight jacket at the end of the video!

[@henry6658]

I've been playing this game for 5 years and I never new about crtl+shift.

[@CosmicDalmatian]

RIP bro

[@WildsDreams45]

I industrialized the Qing Empire in HPM and turned it into one of the leading factories of the world and my God the amount of clicking... Factories, soldiers, ships, railroads and forts... My God was it fun though. An industrialized China is an absolute monster on the global stage.

[@pietromaster4647]

Play hpmp its a updated version of hpm

[@TheSkyGuy77]

Control-click is your friend, my guy

[@dearg_doom]

Good guide. I've been playing this game for nearly a decade and I still learned something.

[@chrisg5219]

A VICKY 2 GUIDE IN 2020?! God bless you sir I still haven't figured out how to get a good economy running in this game

[@x999uuu1]

1. Glass and wine are good early game 2. Liquor is ALWAYS good. Its hardcoded to never have a demand ceiling so it always raises. 3. Take a look at the market for demands that need filling. Specifically HIGH QUANTITY goods. Dont get caught on fancy shit like lux clothes and furni. They have low demands. 4. Electronics and cars are good late game. If you do it right, you can monopolize those particular markets lol. 5. Craftsmen dont start mass promoting until a pop is at 30% literacy. Clerks at 50%. Check on the wiki. There isnt too much of a point in heavily industrializing before this. This is why 30% lit is CRITICAL if you dont have it.

[@rarestpepe3917]

@@x999uuu1 if you want a full vic 2 experience you need to play mp and trust me consumer goods suck major fucking cock. you want canned goods in every state with fish, grain or livestock and in any state that has "industrial" goods like coal, iron and sulphur you need to pump out ammunition explosives small arms and most important of all artillery but keep in mind this is the mp meta sp is another ball game because the ai is braindead and wars end in a week

[@justyouraveragegamer7657]

This video made me hate slavery, thank you educating me. damn tax exempt people smh

[@carhose8538]

i just got the game and i’m finally at the point where i don’t have to 100% tax my population just to make a profit

[@angmori172]

Regarding tariffs as economic warfare: Higher Prestige == get to buy from the global market before others Lower tariffs (subsidies) == your pops and factories will buy more from the available markets both combined == you can drain valuable resources and use them for YOUR factories which employ more of YOUR pops and make them promote, giving you more taxes and happier people, while undercutting the other nations industries

[@JohnnyCash101]

As a economics major I can credibly say that you deserve a Economics PHD for being able to explain the economics of this cryptic game as amazing as you do.

[@frenchbread952]

Wtf I learned more from this video than from the victoria 2's tutorial

[@shoddypeasant8762]

ban slaves for freedom = bruh moment ban slaves cuz they're tax exempt = very cash money

[@svetigejming2535]

Very cash money day to you

[@lasthairbender1667]

My wrist muscles thank you.

[@macrow206]

This guy can probably destroy the heads of American Confederacy in a debate and prevent the Civil War just for the sake of logic and argument that slaves aren't paying taxes lolz

[@dantobarbarian4842]

Yes but the problem is that they were retarded racists...

[@shaddaboop7998]

If only it could've been that way. By the 19th century slave labour was massively expensive. The trans-Atlantic slave trade was dead, so you had to rely on your slaves breeding. Because of brutal conditions and death rates this made demand far outstrip supply. Additionally you have to feed and clothe your slaves, which can end up being quite expensive, especially when they're too young or too old to work. You can't really fire slaves, because then they'd be free and that makes you look bad in the eyes of your slaveholder buddies. Cheap immigrant labour was far, far more efficient, and it's one of several reasons the Confederacy never stood a chance.

[@vandarkholme8548]

Instructions unclear bankrupted by economy because I couldn't understand how to build a factory.

[@fish29]

Can't tell if your joking or not but in the upper left corner is the production tab. One your in there look to the right. If you have state capitalism or planned economy just click on the plus and pick the factory you wanna build

[@fish29]

@@kjtcool yes. As far as I know the only country you can't do this with is the USA

[@fish29]

@@kjtcool in my experience you should start building as soon as you have the 1950 techs maybe a little bit before that.

[@fish29]

@@kjtcool Ah sorry that was a mistake

[@toomuchbwapbwap6592]

That CTRL tip for the railroads... thank you you absolute legend

[@x999uuu1]

1. Glass and wine are good early game. 2. Liquor is ALWAYS good. Its hardcoded to never have a demand ceiling so it always raises. Plus wheat is everywhere lol. 3. Take a look at the market for demands that need filling. Specifically HIGH QUANTITY goods. Dont get caught on fancy shit like lux clothes and furni. They have low demands. Look at what your artisans are SUCESSFULLY producing too, may give some ideas. 4. Early game, or at lower prestiges, you may find that you can't get your hands on enough goods for factories. Try to shoot up in prestige more and get better RGO output techs to assuage this. Time might work too, as the game progresses more shit is made. 5. Look to see whos in your sphere/whos sphere youre in. If youre in the UKs sphere you get access to all their (and Indias) resources before ANY other country outside their sphere. 6. Electronics and cars are good late game. If you do it right, you can monopolize those particular markets. 7. Craftsmen dont start mass promoting until a pop is at 30% literacy. Clerks at 50%. Check on the wiki. There isnt too much of a point in heavily industrializing before this. This is why 30% lit is CRITICAL if you dont have it.

[@Fitzgerald934]

The Main issue of Victoria II is how trade happens allways globally and that its rank based, but overall its a decently well working system, I once thought about making a economy guide myself but gotta say you included everything important into it. Great Job!

[@RigbyWilde]

Victoria 2 teaches economy better than any school

[@nosehair16]

i played viccy2 and it was fun but i've been done with it for sooo many years, and i have no intention of going back and your video was STILL fun to watch. good job.

[@TheSkyGuy77]

The only thing Victoria 2 doesn't do well is imitating inflation and money printing.

[@oliverstianhugaas7493]

Nobody: Me: *Encourage aristocrats in the CSA*

[@lot2973]

Oliver Hugaas Big brain play

[@Salim_Habib]

You need to go university right now for this. 4 year course

[@MichaelDavis-mk4me]

CTRL and SHIFT, YOU SAVED MY HAND!! Seriously, this is a game changer for me.

[@MatheusKulik]

116 hours of gameplay on steam (and god knows how many before) and just now I hear about the ctrl thing

[@bigcaper862]

I have been playing Vic 2 since well before the DLCs were out and your videos have taught me more than I've ever learned. I love this game that after years of play you can still learn new things. Love your stuff. Happy holidays and merry Christmas!

[@shashwatsinha2704]

I cannot express how good this guy is. He's a wonderful teacher!

[@mbos14]

The shift and ctrl also work in the investment tab. ctrl ful invest in the building you click on. shift invest full into all of them. good to know if you have few capatalist with big dreams. Also in the factory tab in the top right are 4 buttons . 2 for subsidies for all and subsidies for none and the other 2 are open and close all factories.

[@AlamoOriginal]

I feel so cheated not knowing that shortcut key earlier

[@Blackholebilly42069]

THis has got to be the best Vic2 economy guide on the internet and that sir, is quite the achievement.

[@shohan5772]

Dude i knew ctrl+shift worked in factories but it works on railroads too? I'm literally crying! Give me back those hundreds of hours of building railroads one by one 😭

[@jackcollins4926]

I love how he went form vic2 guides to country balls good change in content

[@Kira-no666]

i'm glad to see a very good economic guide on this game, for explaining an economy which wants to be pretty real (even if irl it's even more complicated) and i got the game a few times ago and i fell in love of this economic panel. see all the numbers, the curves, i'm so excited to see money come at my feet! (well, if i can do it well and make your advice reality in my games!

[@williamwood3827]

I spent hours and hours reading the wiki to understand how to play this game adequately. More time than it takes to industrialize China. I can't believe you distilled so much information into less than 15 minutes.

[@RaidsEpicly]

is china really strong in vic2 since once you industrialize you control ridiculous amounts of territories and have crazy pops? Does the game have events to model the decline of the qing and eventual treaty ports/opium war things?

[@JohnnyCash101]

@@RaidsEpicly you can get treaty ports but your strategically better off stealing entire counties. Sometimes people within china revolt but it isn't a guarantee

[@JohnnyCash101]

@@RaidsEpicly china can industrialize a little bit but even the most focused player wont really be ever able to fully catch up as a lot of points depend on the % of your pop that is literate, and it's hard to teach a lot of people how to do that. China gets kicked around alot by better tech nations until then. If you can survive that however, when enough techs are learned, China can pool up a lot of money beforehand and field massive armies with artillery through imports and then the dragon awakens.

[@KarimAlKharsa]

I’m so happy, I’m about to get Victoria on Wednesday. So friggin excited rn.

[@dreamcogs3877]

I might've learned something about real life economics with this.

[@johnyjoe576]

Bro you make the pimpest vic 2 guides. Keep it up, proud of you

[@phoenix5054]

You can’t tax slaves, hence slavery is bad. I pronounce this logic: ADEQUATE!

[@SMGJohn]

Yes its true, British abolished slavery for this very reason, even in modern markets, modern forms of slavery is horrible for tax.

[@anotherone3340]

In ancient rome they taxed wealth instead of income, and slaves were considered part of the total wealth a owner have. So they did managed to tax slaves.

[@incognito-px3dz]

@@SMGJohn the British did not abolish slavery for this reason. Firstly Britain only paid off its debt from ending slavery a few years ago, they did not do it for profit. There wasn't any slaves on the isles so no potential for income tax and Britain mainly only traded slaves so it wouldn't of made much of a difference. Perhaps a place like the Caribbean might of had a few, but it would of been negligible at best

[@theinquisitor8112]

Ah. The Megacorp theme from Stellaris. Perfection.

[@charliekelly7515]

I swear, someday soon your channel is going to blow up in popularity

[@IgorJMoniz]

Excellent video! It's great to see that Vic2 community resists in spite of Paradox complete abandonment

[@dr.swagington7754]

Ah yes as Greece this video was very important

[@TheSkyGuy77]

Victoria 2: the most realistic economic simulation in video gaming history (so complicated, not even the current dev teams at Paradox understand it!)

[@Yrtay_1]

I just wanted to know how the crash the worlds economy not how the economy in 1800’s worked

[@Hiroakiarai88]

Buy stockpile manual

[@bruhbruh-us6gl]

Get the highest prestige score and max out your stockpiles of all available goods. Then allow your pops to buy from your stockpile

[@Yrtay_1]

@@bruhbruh-us6gl finally goddamn

[@hgsbbznhs4864]

Too good. The first understandable guide for Vic 2 I've ever seen

[@gabrielnguyen5580]

A new video and its about making money? Sign me up

[@royliu1409]

Great vedio! Some additional tips: 1. Generally, a smaller countury is better suitted for planned or state capitalism, and a big empire is much easier managed with interventionism. Interventionism is actually the best policy to maintain the industry. Since under monarchy (which is the government type most of the countries except those in Americas have), you can always switch to a party with planned economy or state caplitalism anytime you want to build factories. Switch back to Intervetionism after you had managed to lay down the framework of industry in order to make use of capitalists' saving to upgrade.(they enjoys a 50% reduction in cost under interventionism) You can have 0% taxation for the poor and the middle class, which in the late game is a useful tool to boost demand. 2. Only Unemployment Subsidies and Pensions need social spending, since they directly allocate cash to pops. Other social reforms such as Healthcare and School System took the form of increasing the percentage of bureaucrats you need to achive 100% administative efficieny and the probability of pops promote to bureaucrats. Essentially, the cost is that you'll be paying more bureucrats. 3. Industrial Score(IS) is purely measured by the amount of workers that is within the maximum limit job your factories provide, 4 IS euqals 10,000 workers (1 level of factory). The IS is the same for tank and wine factories. Having 10,000 unemployed workers with level 1 of a functioning factory give you the same IS as 10,000 employed workers. Having 20,000 workers and a level 1 factory will only give you the IS of 10,000 workers. 4. If you do not have at least 1 capitalist in a given state, a large fraction of the factory income will dissappear. So make sure that every industrialised states got some capitalist. 5. Some of the most stable factory to build are glass, liquor, regular cloths and furniture, since pop demand is huge. Yet the most profitable are radio, electric gear, and telephone in the late game. You can try to monopolise rubber by influence Brazil and by colonise Africa to make sure your factories got enough supply of it. All early game military goods(Ammunition, Explosives, Steel, Fertilizer, Artillery, Small Arms) is best produced together, and in location such as in Sachsen, Rheinland and Franche-Comté where you got iron, coal and sulphur that give you full bonuses.

[@senireye.5597]

thanks, most of this is intuitive but the efficiency from factories in the same state, and the info that I can check pop needs will surely help me

[@dimmler7851]

"your long suffering hands will thank me" me, who can only afford victoria 2 vanilla: Are you sure about that?

[@fawzybasel5827]

i have been playing this game for more than 4 years .. and this shit and ctrl thing saved my life

[@bummerdrummer1649]

I need this because I have the economic skill of a peasant

[@popnachzahlen]

Including pet shop boys song in the end: you, sir, are fantastic.

[@Donnerbalken28]

Laissez-faire puts a whole new meaning to the term "surprise mechanics"

[@iii8410]

A guide to Vic2’s economy that’s really good? Yeah boiii

[@JohnnyCash101]

All the people in the comments complaining about "why wasnt this video uploaded five years ago" clearly dont understand that this game takes 9 years of rigorous research to actually fucking understand. Good job!

[@gmodrules123456789]

You are the hero we don't deserve.

[@theicelandicnationalist2.023]

If you have more money than you know what to do with (I mean like, over 100 million) put tariffs at lowest, taxes at lowest, choose interventionist economy, encourage capitalists, and subsidy all factories… while you will stop making any money, but your industry score will start climbing rapidly… if you have the population to support it that is, because industry score is also calculated with how many factories are producing stuff, not only how many you have, or how many times they have been upgraded. This is best done in the US, as they get constant immigration attraction, while France or Italy aren’t really populous enough to do this.

[@blackpaint9093]

I did this with Russia. 2000 industry by 1890 with 0 expansion. All of this with just 90 factories. I fielded 300 regiments at the same time so high expenses. I put quite high tariffs at first, while building factories+upgrades and encouraging craftsmen in bigger states. Then tried laissez faire with 0 taxes and -2 tariffs i believe, industry skyrocketed

[@whartanto2]

2:21 Slavery is an abomination since they are a walking talking tax exemption. ROFLMAO. So does Clergy in real life btw.

[@anonviewerciv]

Definitely a simplified guide. 3:20 Basically if the number of Clerks is about a quarter of the Craftsmen you're good to go. 6:15 Because of resource shortages and later overproduction I'd actually argue for the opposite ranking. 10:00 The more complicated answer is that Laissez Faire is good only if you have a lot of pop and resources, e.g. late-game USA and UK.

[@egeozturk9571]

I mostly try to put factories based on province RGO's, but, even tho there is much more than enough resources in the province, the factory is still buying that resource from the market which is putting the factory income into negatives.

[@cashguyer6062]

I cannot believe I never knew this video existed before I played 1000 hours in this game. 11/10 video.

[@ztac_dex]

>Aristocrat >Tank as a Luxury needs

[@khamsadi4782]

Dude I'm playing this game for one and a half year and how much I read wasn't enough for a game that has such mechanics like that and this video is greatest economy quide for Vic2

[@tvlogs7364]

Wtf i almost had a stroke seeing a vicy 2 guide in 2019 lol great

[@Purdé2749]

It's very nice to see a new victoria ii video.

[@ignore5737]

OMG Thanks for the cntrl and shift button trick, i went full liberalism just because i hated to expand my factories

[@zombiegameruk]

Can't believe someones still making Vicky 2 content in 2019/2020. This is my favorite game ever thank you for the content 😁😁

[@remansparadox8604]

This is a great video!

[@richardbrough6463]

THERE ARE HOTKEYS!?? WHERE WAS THIS INFORMATION FIVE YEARS AGO! I WEEP FOR MY HANDS ARE BROKEN